logo
Share SHARE
FONT-SIZE Plus   Neg

HP Q1 Profit Down; Backs FY12 Profit View - Quick Facts

Hewlett-Packard Co. (HPQ) reported that its first-quarter net earnings declined to $1.468 billion or $0.73 per share, from $2.605 billion or $1.17 per share in the same quarter last year.

Non-GAAP net earnings decreased to $1.832 billion or $0.92 per share, from $3.030 billion or $1.36 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter declined to $30.04 billion from $32.30 billion in the prior year quarter. Twenty eight analysts had consensus revenue estimate of $30.71 billion for the quarter.

For the second quarter of fiscal 2012, the company estimates non-GAAP earnings per share to be in the range of $0.88 to $0.91 and GAAP earnings per share to be in the range of $0.68 to $0.71. Analysts expect the company to report earnings of $0.95 per share for the second-quarter.

The company still expects full year fiscal 2012 non-GAAP earnings per share of at least $4.00 and GAAP earnings per share of approximately $3.20. Analysts expect the company to report earnings of $4.08 per share for fiscal 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Electrolux AB were gaining around 5 percent in the trading in Sweden after the home appliances giant reported higher profit and sales in its first quarter. President and CEO Jonas Samuelson said, "We will continue to drive profitable growth by creating best-in-class consumer experiences which are supported by innovation and operational excellence." Automaker General Motors Co. reported Friday significantly higher profit in its first-quarter with strong growth in automotive and financial sales and higher volume. Earnings per share and revenues topped market estimates. Further, the company backed its fiscal 2017 adjusted earnings view. In pre-market activity on the NYSE, GM shares were gaining 1.94 percent. Exxon Mobil Corp. (XOM) reported estimated first-quarter net income to company of $4.01 billion, or $0.95 per share, compared with $1.81 billion or $0.43, a year earlier, resulting from improvements in commodity prices, cost management and refining operations. On average, 21 analysts polled by Thomson...
comments powered by Disqus
Follow RTT